Trilogy International Partners Inc. ('TIP Inc.' or the 'Company') (TSX: TRL), an international wireless and fixed broadband telecommunications operator, today announced its unaudited financial and operating results for the third quarter of 2020.

'We are pleased with our continued momentum in New Zealand,' said Brad Horwitz, President and CEO. 'Q3 was a record quarter for 2degrees in subscriber revenues and Adjusted EBITDA. Proactive measures we took to prepare for the pandemic early in the year helped lay the groundwork for our steady growth year-over-year in all key financial metrics.' 'While maintaining the strong performance of our consumer-focused mobile and residential broadband service lines, we continued to gain traction in the B2B space. 2degrees surpassed 100,000 mobile business customers in the third quarter and also achieved our highest level of business revenue. This is just one of a number of growth opportunities we see in the New Zealand telecom market.' 'Our Bolivian business continues to weather the impact of COVID-19. Quarantine measures began to ease in September and increasing customer mobility is directly correlating to improving operating trends in September. Despite challenging conditions, NuevaTel successfully launched a bond offering in August, and ended the quarter with roughly $46 million of cash on its balance sheet.' 'Our strategic priorities remain unchanged. We remain enthusiastic about the runway for growth in New Zealand and will remain opportunistic in Bolivia. The issuance of $50 million in senior secured notes that we completed last month strengthens our balance sheet and will enable us to accelerate our investment in growth initiatives such as 5G in New Zealand.

Contact:

Tel: 1-844-369-8770

About Trilogy International Partners Inc.

TIP Inc. is the parent of Trilogy International Partners LLC ('Trilogy LLC'), an international wireless and fixed broadband telecommunications operator formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz. Trilogy LLC's founders have successfully bought, built, launched and operated communications businesses in 15 international markets and the United States. Trilogy LLC, together with its consolidated subsidiaries in New Zealand (Two Degrees Mobile Limited, referred to below as '2degrees') and Bolivia (Empresa de Telecomunicaciones NuevaTel (PCS de Bolivia), S.A., referred to below as 'NuevaTel'), is a provider of wireless voice and data communications services including local, international long distance and roaming services, for both subscribers and international visitors roaming on its networks. Trilogy LLC also provides fixed broadband communications services to residential and enterprise customers in New Zealand. Unless otherwise stated, the financial information provided herein is for TIP Inc. as of September 30, 2020. TIP Inc.'s head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004 USA. TIP Inc.'s common shares (the 'Common Shares') trade on the Toronto Stock Exchange under the ticker TRL and its warrants trade on such exchange under the ticker TRL.WT.

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